On Tuesday morning, the yellow metal's price fluctuated between the 1,910.00 and 1,915.00 levels. The rate had surged on Monday after finding support in 1,890.00. In regards to the future, the rate had no technical resistance and could surge. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes
The metal's surge was stopped by the resistance of the 1,915.00 level on Friday. Since then, the metal's price has been declining. By the middle of Monday's European trading hours, the commodity price had reached below the 1,900.00 mark. Economic Calendar Analysis During the week, pay attention to the economic data releases already on Monday. On Monday, at 14:00 GMT the Institute of
On Friday morning, the yellow metal recovered, as a run to safety was caused by the US President Donald Trump stating that he had tested positive for the coronavirus. In the meantime, it was spotted that round price levels still impacted the price. Economic Calendar Analysis The week will end with a monthly data release. The US Average Hourly Earnings, Non-Farm Employment Change
The yellow's metal price has continued to trade below the 1,900.00 level. The price has made five failed attempts to pass the resistance of the 1,900.00 mark. In the meantime, the rate was approached by the support of the 55-hour simple moving average. Economic Calendar Analysis On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause a minor move. The week
At the end of Tuesday's trading, the yellow metal's price bounced off the resistance of the 1,900.00 level, which was strengthened by the 200-hour simple moving average. On Wednesday morning, the rate was declining and was expected to soon reach the support of the 55-hour simple moving average at 1,880.00. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change
The 1,850.00 held on Monday and caused a surge. By the middle of Tuesday's GMT trading hours, the surge had reached the 1,885.00 level. In the meantime, the 1,900.00 level was strengthened by the 200-hour simple moving average. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. On the same day, at 12:30
The price of gold has continued to trade in the range between the 1,850.00 and 1,875.00 levels. The approaching of the resistance of the hourly simple moving averages had not changed the situation, as the price continued to fluctuate sideways. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. On the same
On Friday, the yellow metal tested the resistance of the 1,875.00 level. In the meantime, the bullion had managed to pass the resistance of the 55-hour simple moving average. In the near term future, the rate was expected to finish trading sideways and resume its decline. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause
The drop of the yellow metal's price continued on Thursday, as the bullion reached the support of the 1,850.00 level. In the near term future, the rate was expected to finish trading sideways and resume its decline. Economic Calendar Analysis The week will end with a possible minor move from the US Durable Goods Orders at 12:30 GMT. Click on the link below to
Throughout Tuesday, the 1,900.00 level was providing the yellow metal with support. During the morning hours of Wednesday's GMT trading, the price dropped below the 1,900.00 level. In the near term future, it appeared that the price would decline, as it has finished consolidating by trading sideways. Economic Calendar Analysis On Wednesday, at 13:45 the US PMIs will be released. On Thursday, as accustomed,
As expected, the yellow metal's price continued its decline on Monday. However, the bullion passed all expectations, as it tumbled down to trade below the 1,890.00 level. On Tuesday, the bullion was trading above the 1,900.00 mark. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services
On Monday morning, the yellow metal's price passed the support of the channel down pattern and reached the 1,930.00 level. This round price level provided support to the commodity price and the bullion began to trade sideways between 1,930.00 and 1,935.00. In the near term future, the price was expected to continue its decline. Economic Calendar Analysis Wednesday is a major day for
The XAU/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that the rate could trade within the given channel. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a
The yellow metal's price failed to pass the resistance of the 1,970.00 level despite making many attempts. Moreover, eventually, the price broke the hourly chart's rising wedge pattern. By the middle of Thursday's GMT trading hours, the rate had reached the support of the 1,940.00 mark. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US weekly Unemployment Claims could cause a move. Click
After reaching above the 1,970.00 mark, the yellow metal began a decline on Tuesday. The decline was stopped and the price reversed by the combination of the support of the lower trend line of the ascending wedge pattern and the 100-hour simple moving average. On Wednesday morning, the rate resumed its surge and once again tested the resistance of the pivot
The yellow metal ended its sideways trading by surging. Namely, by the middle of Tuesday's GMT trading hours the price of the metal had reached above the 1,970.00 level. Meanwhile, on the hourly candle chart the price had revealed a rising wedge pattern. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core Retail Sales data sets are set
The metal started the week's trading by bouncing around the 1,945.00 level. Namely, it was supported by the 1,940.00 level and kept down by the 1,950.00 mark. In the meantime, in the mentioned zone three hourly simple moving averages were providing either support or resistance to the commodity price. Economic Calendar Analysis On Wednesday, at 12:30 GMT the US Retail Sales and Core
The yellow metal's price surged earlier than expected, as it passed the 1,950.00 level and reached the 1,965.00 mark at mid-day on Thursday. Although, this level provided resistance and caused decline back down to 1,940.00. On Friday, the rate was trading among the hourly simple moving averages in the range from 1,937.00 to 1,945.00. Economic Calendar Analysis The week will end with the
The yellow metal trades in sudden sharp moves. The most recent move was a surge, which reached the 1,950.00 level that provided resistance. In theory, the metal could surge as soon as the price is approached by the support of the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, at 12:30 GMT a group of minor US data sets is
The metal's decline did not reach the low level of 1,900.00. Instead, the 1,910.00 mark provided support and caused a retracement back up to the 1,940.00 level. By the middle of Wednesday's GMT trading hours, the price had bounced off the 1,940.00 mark and retreated below 1,925.00. Economic Calendar Analysis On Thursday, at 12:30 GMT a group of minor US data sets is
During Tuesday's morning trading hours, the yellow metal's price bounced off the resistance of the 55-hour simple moving average and began a decline, which was approaching the 1,900.00 level. Economic Calendar Analysis On Thursday, at 12:30 GMT a group of minor US data sets is scheduled to be published. The set will consist of US Producers Price Index, Core Price Index and
On Monday morning, the yellow metal's price reached below the 55-hour SMA, which began to provide resistance. In theory, the SMA could push the price down. In the meantime, more notable developments had taken place on the daily candle chart. The metal has passed the support line of the post-coronavirus recovery channel up pattern. Economic Calendar Analysis On Thursday, at 12:30 GMT a
Since Thursday, the XAU/USD has been consolidating in the 1,935.00 area. Given that yellow metal is pressured by the 55- and 200-hour moving averages, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis On Friday, both Canada and the US are set to release their monthly employment data at 12:30 GMT. Depending on the currencies that one
The squeeze of the yellow metal ended with a break out. Namely, the yellow metal's price broke out of it to the downside and reached below 1,935.00 level. Afterwards, the rate retraced back up to the resistance of the 200-hour SMA, which provided resistance near 1,950.00 and caused a decline. By the middle of Thursday's trading, the rate had touched